Bounce Back Loan extension: When is the deadline to top-up a Bounce Back Loan?

“Businesses must not have currently borrowed the maximum of the 25 percent of annual turnover allowed and must be able to certify that the COVID-19 pandemic has affected their income.

“Also, there’s the Pay As you Grow Scheme which was announced – enabling the repayment to be over 10 years rather than the initial six years.

“In addition, you can move to interest-only or suspend payments for up to six months, which will be beneficial to some.”

The deadline to top-up a Bounce Back Loan is now January 31, 2021, and top-ups on Bounce Back Loans should be arranged with the lender.


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